Member Info for Happydays43

Did anyone see what Sibanye are doing?

They taken a advancement of 500 million dollars for future payments in Gold and Platinum.

I think that's prudent.. and innovative...

And extra 3 or 4 million profit can pay towards the Waste Rock project

That makes sense Seis.

I also don't think they should wait for PGM to hit 1500 an ounce before using a third party to process.

Why not just process what they have. At this stage they really should try make up any short fall.. that may come.

And it seems they have plenty of extra PGM material anyway.

In Leon's latest interview he said the front end modules for the new waste project will run of generators.

So why can't they have this at Roan RIGHT NOW?

Can't they get one ASAP?

I guess it's more complicated than just getting a Generator...

· The Group invested US$39.9 million (FY2023: US$65.9 million) in capital and intangible asset expenditure and other assets to expand its Zambian and South African operations.

That's almost the size of our Market Cap.

They need to sort out this platform. The amount of ads popping up is now infuriating!!!

· The Group invested US$39.9 million (FY2023: US$65.9 million) in capital and intangible asset expenditure and other assets to expand its Zambian and South African operations.

That's almost the si

· The Group invested US$39.9 million (FY2023: US$65.9 million) in capital and intangible asset expenditure and other assets to expand its Zambian and South African operations.

Tha

Link?

I'm guessing that it's a small scale leaching trial going on at Project M.

To actually produce concentrate does a " leaching plant" has to be built? How long would this take?

Has Leon spoken about costs... seems like there's always a carrot.

Is this correct??

No problem Cygnus,

Here is how they explain it.

"The Zambezi River’s catchment area usually starts to get rain around October and November, taking two to three months to reach the dam downriver."

This why when you look at the chart it's only in February that the damn fulls up. But atleast we over the worst of it and atleast the grid should be online now.

I see the grid has only shut down twice.

There was another shut down last night as well...

But looks like there is hope atleast .

Here is the article.

https://www.theguardian.com/global-development/2024/nov/11/levels-are-dropping-drought-saps-zambia-and-zimbabwe-of-hydropower

I spent a lot of time going through articles on Zambia's terrible drought. It's as bad as Leon is telling us and more!

It's quite disappointing the market doesn't see all the effects Leon and the team have put in to try soften the blow.

Hopefully the tide turns soon.

Https://www.zambezira.org/hydrology/lake-levels

Water levels now at there lowest. Good news is that historically it gets better from January...

My pleasure.

14 years some odd years here, definitely not trading! Seems like when you don't like to hear something you call them a trader...

Unlike you I couldn't care a less if people do trade. It makes zero difference to me. Share price ultimately goes up based on earnings. Not on been hung up on who's buying and selling. You really don't know much do you.

Seisnav, never become emotionally attached to a company you start seeing things that just aren't there.

When Jubilee puts out a guidance warning believe you me it's going to be lower! Have you learnt nothing in the last 5 years!

Sentiment still high?? As you say!

Seisnav, never become emotional attached to a company you start seeing things that just aren't there.

When Jubilee puts out a guidance warning believe you me it's going to be lower! Have you learnt nothing in the last 5 years!

Sentiment still high?? As you say!

They should of advised a lower guidance for the year and not quarter and killed two birds with one stone.

And I'm not impressed about the hanging carrots (IRH) bs again. Feels like like last year all over again only worse.

Earnings will drive up the share price. Unfortunately until we see solid numbers the share price is now a traders delight.

As I've said before we need 6000 tons copper or we not going back to 8p anytime soon.

Interviews do nothing for the share price long term.

Ending the day almost down 20%. Unless we have a spectacular rally in the last trading minutes I can only see us heading down tomorrow and the next and the next until all the electricity is back online. I wouldn't try catch a flying knife right now.

Very Very disappointed! I don't particularly blame Leon.. it's more the circumstances.

Down 25%

Almost at 100 million market cap..

PE now 21.

The recent very sell.off tells you the market got wind of something . Leon definitely wasn't clear about this power agreement. It came across that we would be ok no matter what.

No apologies for not been more clear?

I have earnings at between 40 and 45 million dollars for 2025.

If we see a clear picture of Copper reaching 6000+ tons for 2025... based on results in March next year showing that we are reaching our targets then 8p and higher is definitely possible.